Pursuits
Trump Stirs Homebuilders’ Dreams of Bulldozing Environment Rules
- Housing stocks surge since election on hope of a new boom
- Skeptics worry about higher rates and immigration crackdown
This article is for subscribers only.
As Don Huffines sees it, Donald Trump’s election instantly made his Dallas-area pastureland much more valuable. That’s because the residential developer expects the president-elect to follow through on a pledge to cut through what he considers environmental red tape.
Huffines, a Republican state senator in Texas, blames President Barack Obama’s administration for adding to rules protecting wetlands, stream beds, endangered species and clean water. The U.S. Army Corps of Engineers has been blocking a dam to create a lake he envisions as a centerpiece for the 1,000-home subdivision.